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Dec 9, 2012
12/12
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WJLA
tv
eye 198
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cliff and that washington, d.c. is not so recklessly irresponsible to throw this economy back in to recession. so they are behaving as if the fiscal cliff will be resolved. so auto sales have met the challenges of the debt crisis of high gas prices and now the fiscal cliff with the american consumer on a durable good saying we think at the end of the day they will do the right thing and this will be resolved. >> what are you seeing out there? you sell all kinds of cars. what are the hottest brands? whether it is luxury, economy brands, what are you selling most and what's hot? >> i think the most important development in the marketplace is the embracing of fuel economy by the american consumer in an unprecedented way. what's interesting, it is not hybrids and electrics they are embracing. here's the basic equation. we are saying you can have the same size vehicle with the same speed but a 25 to 30% improvement in fuel efficiency with traditional technology that you get your money back in two to three years. that's a
cliff and that washington, d.c. is not so recklessly irresponsible to throw this economy back in to recession. so they are behaving as if the fiscal cliff will be resolved. so auto sales have met the challenges of the debt crisis of high gas prices and now the fiscal cliff with the american consumer on a durable good saying we think at the end of the day they will do the right thing and this will be resolved. >> what are you seeing out there? you sell all kinds of cars. what are the...
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129
Nov 13, 2012
11/12
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WETA
tv
eye 129
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while washington struggles on a fiscal cliff deal, what should you do about your portfolio? jeff applegate has some answers. he's chief investment officer at morgan stanley smith barney. and home depot hammers home strong gains and lays the foundation for a strong quarter ahead. that and more tonight on "n.b.r." it was another day of cliff- watching here on wall street today. investors and traders are waiting to hear what happens at an important white house meeting on friday between president obama and congressional leaders. they will be talking about ways to solve the so-called "fiscal cliff" dilemma. investors appear cautious about making any big moves until they know whether the cliff will trigger increases in capital gains and dividend taxes. the dow fell almost 59 points, the nasdaq lost 20, and the s&p was down five. meanwhile, in washington, congress returned to work for the first time since september. lawmakers face a long "to-do list," and getting a deal on that fiscal cliff is right at the top. darren gersh reports. >> reporter: it was freshman welcome day in washi
while washington struggles on a fiscal cliff deal, what should you do about your portfolio? jeff applegate has some answers. he's chief investment officer at morgan stanley smith barney. and home depot hammers home strong gains and lays the foundation for a strong quarter ahead. that and more tonight on "n.b.r." it was another day of cliff- watching here on wall street today. investors and traders are waiting to hear what happens at an important white house meeting on friday between...
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96
Dec 30, 2012
12/12
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FBC
tv
eye 96
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well, forget the fiscal cliff. washington might be sending cows progressive claims. this is flo. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do is without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could also use an umbrella. fall in love with progressive's claims service. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail manicks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year along with ev
well, forget the fiscal cliff. washington might be sending cows progressive claims. this is flo. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do is without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could also use an umbrella. fall in love with progressive's claims service. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com...
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154
Dec 13, 2012
12/12
by
CNBC
tv
eye 154
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the bottom line, charts aren't more powerful than the fiscal cliff, while we wait for washington to finish its game of deal or no deal, this market has hurdle jumping to do. if the s & p can break out above 1446, the pullback can be overcome and the entire market could levitate. that's what we need to see to get charts on our side, or brodin's version of them. i'm with her. cautious, wary, but opportunistic, all the same. after the break, i'll try to make you more money. >> coming up, last minute shopping? after almost doubling this year, shares of the gap have gapped down. for this mega name clothing retailer, now be gift wrapped just for you, or will cliff worries about locking in gains for the year soon make it come apart at the seams? cramer trying it on, just ahead. >>> and, later, engine of growth? the power outages that followed superstorm sandy gave many homeowners a wakeup call. as the rebuild continues, could an investment in engine company briggs & stratton plug you into a strong trend? cramer is speaking to the ceo to find out. all coming up on "mad money." >>> as we approach t
the bottom line, charts aren't more powerful than the fiscal cliff, while we wait for washington to finish its game of deal or no deal, this market has hurdle jumping to do. if the s & p can break out above 1446, the pullback can be overcome and the entire market could levitate. that's what we need to see to get charts on our side, or brodin's version of them. i'm with her. cautious, wary, but opportunistic, all the same. after the break, i'll try to make you more money. >> coming up,...
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345
Dec 10, 2012
12/12
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CNBC
tv
eye 345
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the optics as washington likes to call it, of going on vacation when you have a fiscal cliff looming, if you don't have an agreement are simply awful. boehner has already told the republicans that nobody is going on vacation until this thing is settled. i think the democrats are probably going to say, pelosi and reid will say the same thing for the democrats. i wouldn't be surprised if congress stayed in session maybe all the way until the 21st of december. this is going to be not to put too fine a point on it, a cliff hanger with regard to the fiscal cliff. i think there will be some movement. in other words, they will not go on vacation unless there's some agreement about what a framework is going to be or some way that they are going to avoid basically seeing tax rates going up on january 1st and major spending cuts go into effect. there will be some delay if they don't reach a tentative agreement by say december 21st when they head home. >> i would hope so because i think america is going to be upset at this point in time we all recognize what the implications of going over the cl
the optics as washington likes to call it, of going on vacation when you have a fiscal cliff looming, if you don't have an agreement are simply awful. boehner has already told the republicans that nobody is going on vacation until this thing is settled. i think the democrats are probably going to say, pelosi and reid will say the same thing for the democrats. i wouldn't be surprised if congress stayed in session maybe all the way until the 21st of december. this is going to be not to put too...
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Dec 18, 2012
12/12
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WBAL
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eye 108
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. >> 13 days before the fiscal cliff hits. good news and bad news out of washington. let's start with the good news. president obama and house speaker john boehner have agreed on a tax hike on the very rich. the bad news -- they cannot agree on who falls under that category. we have more from capitol hill. >> protesters came to the capital demanding republicans agree to tax hikes on the top 2% of americans, the original obama plan he campaigned on. but speaker john boehner is promoting a new plan, which he calls plan b. >> tax hikes on the top 1%. we will go back to the clinton era. >> plan b would protect american taxpayers to make $1 million or less and have all of their current rates extended. >> but president obama says not good enough. his new proposal is too high taxes on earnings above 400,000 and cut spending an additional $1.42 trillion. >> it seems like folly to walk away from that opportunity because you do not want to ask someone making $995,000 a year to pay a dime more of income taxes. >> some republicans say the speaker is going too far agreeing to rais
. >> 13 days before the fiscal cliff hits. good news and bad news out of washington. let's start with the good news. president obama and house speaker john boehner have agreed on a tax hike on the very rich. the bad news -- they cannot agree on who falls under that category. we have more from capitol hill. >> protesters came to the capital demanding republicans agree to tax hikes on the top 2% of americans, the original obama plan he campaigned on. but speaker john boehner is...
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90
Dec 29, 2012
12/12
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FBC
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eye 90
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well, forget the fiscal cliff. washington might be sending cows washington might be sending cows off a cliff. ♪ music kids will spend 22 minutes watching us, the super duper party troopers, sing about ants in their pants. brushing for two minutes now, can save your child from severe tooth pain later. two minutes twice a day. they have the time. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year along with everything else that is going on. the senate agricultural committee chairwoman pushing for a short-term extension to avert the cliff. but if that does not happen, no prices -- milk prices to go up to $8 per gallon. the supermarket group on how this is going to turn consumers soured. you bet that would. that's about double. >> it is about double. it will increase, hopefully not. you are between three and $4 a gallon. it is not just about melt. this is a food cliff. we talk about the financial cliff. keep in mind, we're
well, forget the fiscal cliff. washington might be sending cows washington might be sending cows off a cliff. ♪ music kids will spend 22 minutes watching us, the super duper party troopers, sing about ants in their pants. brushing for two minutes now, can save your child from severe tooth pain later. two minutes twice a day. they have the time. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year...
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228
Dec 14, 2012
12/12
by
CNBC
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eye 228
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it had me steamed almost as much as my outrage at the fiscal cliff discussion in washington. i had to use the term fiscal cliff. i hadn't used it yet in this piece. i'm talking about the squandered opportunity in natural gas. papa was quite bullish in the price of oil. it's set worldwide. chinese keep it up. we have an umbrella that makes it worth our while to extract hard to get oil. as plentiful as oil is, there is a gigantic glut of natural gas, the opposite of oil, all papas talked about. more nat gas than we know what to do with. we have no place to put it and not enough places to use it. natural gas isn't fungible. it costs fortunes to transport overseas and is barely economical when exported. the best use is in this country. and we need to harness natural gas and liquids to make product more cheap here than anywhere else in the developed world. that would be terrific if companies would choose to relocate here. that's not happening. papa made it clear that he's bearish on the price of natural gas, suggesting it will stay at $5 for years to come. we have the opportunity
it had me steamed almost as much as my outrage at the fiscal cliff discussion in washington. i had to use the term fiscal cliff. i hadn't used it yet in this piece. i'm talking about the squandered opportunity in natural gas. papa was quite bullish in the price of oil. it's set worldwide. chinese keep it up. we have an umbrella that makes it worth our while to extract hard to get oil. as plentiful as oil is, there is a gigantic glut of natural gas, the opposite of oil, all papas talked about....
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60
Dec 29, 2012
12/12
by
FBC
tv
eye 60
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well, forget the fiscal cliff. washington might be sending cows off a cliff. ♪ this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just gotblacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guessam on the naughty list again? ho ho ho! pizza hut's $10 any pizza on deal is back.ist again? any pizza, toppings, sis. ...ten bucks. the meat lover's pizza. ...ten bucks. delivery, dine in or carry. ...out of this world pizza. pizza hut's $10 any pizza deal is back. now, that's how you make it great. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year along with everything else that is going on. the senate agricultural committ
well, forget the fiscal cliff. washington might be sending cows off a cliff. ♪ this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just gotblacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet?...
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78
Dec 29, 2012
12/12
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FBC
tv
eye 78
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well, forget the fiscal cliff. washington might be sending cows washington might be sending cows off a cliff.nfc, afc, offensive lineman, defensive tackles, quarterbacks and cornerbacks are all working with united way. for a million little reasons. the kids of our communities. to ensure their academic success, all the way to graduation day. it takes about 12 years to create a graduate. it takes the same time to create a dropout. and the difference between a kid becoming one or the other could be professional athlete. or it could be you. studies show, the earlier we get to kids, the better their chances. so become a united way volunteer reader, tutor or mentor. make a difference in the life of a child. for the life of that child. give. advocate. volunteer. live. united. join your favorite nfl players. take the pledge. go to unitedway.org. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year along with everything else that i
well, forget the fiscal cliff. washington might be sending cows washington might be sending cows off a cliff.nfc, afc, offensive lineman, defensive tackles, quarterbacks and cornerbacks are all working with united way. for a million little reasons. the kids of our communities. to ensure their academic success, all the way to graduation day. it takes about 12 years to create a graduate. it takes the same time to create a dropout. and the difference between a kid becoming one or the other could...
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95
Dec 18, 2012
12/12
by
WBAL
tv
eye 95
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some possible good news to report in the nation's so- called fiscal cliff. negotiations in washington, president obama and john boehner met for the third time yesterday and they say a deal is shaping up. they say speaker john boehner is assessing tax increases on the rich and president obama is agreeing to more spending cuts. speaker john boehner will brief house republicans on the proposal later today. >> temperatures have bounced back from this morning. we started off in the 50's and some colder air pushed in and now you can see we have bounced back to the upper 50's. 58 degrees at b w i marshall. the wind is a little bit strong. it is gusting up to 20 miles per hour. these wind gusts are helping increase those temperatures. the highs today should range from 58-63 degrees. we are partly cloudy skies and it may be coupled sprinkles in the western part of the state. that is not a major concern around baltimore and we will let details coming back. >> new details about the shooting outside baltimore county bar. county police say a 26-year-old was intoxicated w
some possible good news to report in the nation's so- called fiscal cliff. negotiations in washington, president obama and john boehner met for the third time yesterday and they say a deal is shaping up. they say speaker john boehner is assessing tax increases on the rich and president obama is agreeing to more spending cuts. speaker john boehner will brief house republicans on the proposal later today. >> temperatures have bounced back from this morning. we started off in the 50's and...
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84
Dec 29, 2012
12/12
by
FBC
tv
eye 84
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well, forget the fiscal cliff. washington might be sending cows off a cliff. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to hp significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers fosudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full prescription free and save on refills at adircopd.com. i don't have to leave my de and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.
well, forget the fiscal cliff. washington might be sending cows off a cliff. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to hp significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers fosudden symptoms and should not be used...
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48
Dec 29, 2012
12/12
by
FBC
tv
eye 48
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well, forget the fiscal cliff. washington might be sending cows off a cliff. want to know what i did in the last five hours? i played a round of golf. then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording my debut album. how u ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. time for citi price rewind. because your daughter really wants that pk castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year along wit
well, forget the fiscal cliff. washington might be sending cows off a cliff. want to know what i did in the last five hours? i played a round of golf. then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording my debut album. how u ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. time for citi price rewind. because...
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86
Dec 8, 2012
12/12
by
KQED
tv
eye 86
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. >> tom: with the fiscal cliff about three weeks away, washington hasn't made much progress to avoid it. that was the assessment from one of those directly involved: house speaker john boehner. the top republican today accused president obama of, "slow walking", the economy to the edge of the cliff. he repeated his call for the president to send congress a plan that can pass both houses of congress. tax rates are the major sticking point. the president wants to raise them for america's highest earners, house republicans strongly oppose: >> instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington's got a spending problem, not a revenue problem. >> tom: congress and the president have 24 days to reach a deal, before the fiscal cliff's tax hikes and spending cuts take effect. >> susie: mark zandi says "bad things will happen to the economy pretty fast" if lawmakers don't settle t
. >> tom: with the fiscal cliff about three weeks away, washington hasn't made much progress to avoid it. that was the assessment from one of those directly involved: house speaker john boehner. the top republican today accused president obama of, "slow walking", the economy to the edge of the cliff. he repeated his call for the president to send congress a plan that can pass both houses of congress. tax rates are the major sticking point. the president wants to raise them for...
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Nov 24, 2012
11/12
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CNNW
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eye 190
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daniel, my thees sis thsis is t washington is likely to avert a fiscal cliff, unleash the animal spirits. we have things going on that are going to lead to an american economic renaissance starting right about now. am i wrong? >> well, i don't share your optimism about us not going over the fiscal cliff. but i also don't think it will matter. what we've seen in the past couple years, the recovery we've seen has been in spite of government, not because of it. it's not just the factors that you cited, energy, manufacturing, housing finally coming back, housing starts up 40% in october year over year. our exports are at their highest level ever, even in this world that is growing more slowly. our goods and products have a big audience overseas. and the american consumer that was so down-and-out in '08 and '09 is back. consumer confidence, highest level since prerecession. more people are working at payroll jobs. their incomes are rising. everybody is doing a much better job keeping up with financial obligations, credit cards, mortgages, et cetera. all that means this could be a pretty decen
daniel, my thees sis thsis is t washington is likely to avert a fiscal cliff, unleash the animal spirits. we have things going on that are going to lead to an american economic renaissance starting right about now. am i wrong? >> well, i don't share your optimism about us not going over the fiscal cliff. but i also don't think it will matter. what we've seen in the past couple years, the recovery we've seen has been in spite of government, not because of it. it's not just the factors that...
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Dec 26, 2012
12/12
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CNBC
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eye 323
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cliff debate has been playing out in washington. >> the fiscal cliff, yes, it is still looming if you're out there wondering. >> i think we could be taken to the brink again. >> the market is responding to the pending fiscal cliff. >> business has stopped investing. business has stopped spending. business has stopped hiring. >> nobody knows what's going to happen. there's outlandish guesses on both sides. >> it wouldn't surprise me if we go past january 1. >> you can't tax your way out of this. you can't cut spending your way out of this. you can't grow your way out of this. >> another two million people will lose their job. unemployment will go to over 9%. why would we do that? >> president obama is meeting with high-profile chief executive officers today. >> we don't legislate, but we know a lot about what the consequences are of the failure to reach an agreement. >> we're just here to support doing the right thing. putting america back to work. >> we've got to make sure that taxes don't go up on middle-class families. our economy remains strong. that we're creating jobs. >> the time f
cliff debate has been playing out in washington. >> the fiscal cliff, yes, it is still looming if you're out there wondering. >> i think we could be taken to the brink again. >> the market is responding to the pending fiscal cliff. >> business has stopped investing. business has stopped spending. business has stopped hiring. >> nobody knows what's going to happen. there's outlandish guesses on both sides. >> it wouldn't surprise me if we go past january 1....
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168
Nov 20, 2012
11/12
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CNBC
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eye 168
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the fiscal cliff is coming. if washington won't rise above, they face cramer's consequences. he's got a new wall of shame and it's about to get its first members. the storm of shame is coming. don't miss out. all coming up on "mad money." ife our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ >>> it's time for the lightning round. are you ready? time for the
the fiscal cliff is coming. if washington won't rise above, they face cramer's consequences. he's got a new wall of shame and it's about to get its first members. the storm of shame is coming. don't miss out. all coming up on "mad money." ife our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong...
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79
Dec 15, 2012
12/12
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KQED
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eye 79
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about the fiscal cliff. >> the dow lost 36 points, the nasdaq down 21, the s and b 500 fell, s&p fell also. >> looking at the outlook for gas and oil prices, we turn to an oil analyst, founding partner at again capital. >> you know, john, i was thinking looking over these numbers a few weeks ago here in the northeast we were paying close to $5 a gallon for gasoline, of course it was because of hurricane sandy and standing in line, gas lines, and now this. i know it is a special situation, but what is going on here? >> well, that was a special situation, it was incredible disruption of the supply chain to the northeast, if you recall, only northern new jersey had to endure the odd, even rationing it shows you how isolated that was, but what is going on here, suze is that the united states is in the process of becoming energy independent, it is in the process of surpassing saudi arabia as the world's number one producer of oil. because of the shale drilling that going on, mostly in the middle of the country. there is also a massive expansion of a big refinery down in texas, that the sau
about the fiscal cliff. >> the dow lost 36 points, the nasdaq down 21, the s and b 500 fell, s&p fell also. >> looking at the outlook for gas and oil prices, we turn to an oil analyst, founding partner at again capital. >> you know, john, i was thinking looking over these numbers a few weeks ago here in the northeast we were paying close to $5 a gallon for gasoline, of course it was because of hurricane sandy and standing in line, gas lines, and now this. i know it is a...
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102
Dec 18, 2012
12/12
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WJZ
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eye 102
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. >>> there are signs lawmakers may be closer to making a deal on avoiding the fiscal cliff. danielle nottingham reports for wjz from washington with more on president obama's latest offer to prevent tax hikes for all americans. >> reporter: house speaker john boehner met with fellow republicans this morning to discuss president obama's fiscal cliff proposal. the speaker also began work on a so-called plan b to prevent a tax increase in case he does not reach a deal with the white house before january 1. >> our plan b would protect the american taxpayers who make a $1 million or less. >> reporter: the white house quickly rejected boehner's back-up proposal. >> the fall back so-called plan b that has been put out there is, you know, achieves nothing. you would lose hundreds of billions of dollars of revenue. >> reporter: the president initially insisted on letting tax cuts expire for households making $250,000 or more. but the new white house counter proposal raises that threshold to $400,000. and for the first time the president is willing to accept some reduction in future c
. >>> there are signs lawmakers may be closer to making a deal on avoiding the fiscal cliff. danielle nottingham reports for wjz from washington with more on president obama's latest offer to prevent tax hikes for all americans. >> reporter: house speaker john boehner met with fellow republicans this morning to discuss president obama's fiscal cliff proposal. the speaker also began work on a so-called plan b to prevent a tax increase in case he does not reach a deal with the...
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52
Dec 14, 2012
12/12
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FBC
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eye 52
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those sources say his meeting with the president failed to make any progress to avert the fiscal cliff. even if washington doesn't get its act together, there are steps you can take to lower your tax burden next year. you can empower yourself. in a moment, we are going to get advice from the founder and president of diverse financial consulting. it looks like congress will have no choice but to punt the fiscal cliff debate until next year. we have a guest from the cato institute. sequestration kicks in, maybe talked about? >> i certainly agree with the sequestration part. we should be able to find 100 belden and spending cuts. we should be able to find 50 billion in spending cuts on the front. i think the sequestration and spending cuts should happen. unfortunately, many of the tax increases, if we don't do something about taxes, i think it makes it harder to go back and extend any of the tax cuts next year. so we might find ourselves in the worst of both worlds. i still give it about a 5050 chance that they come up with some sort of deal. but if they do, it won't be until christmas ev
those sources say his meeting with the president failed to make any progress to avert the fiscal cliff. even if washington doesn't get its act together, there are steps you can take to lower your tax burden next year. you can empower yourself. in a moment, we are going to get advice from the founder and president of diverse financial consulting. it looks like congress will have no choice but to punt the fiscal cliff debate until next year. we have a guest from the cato institute. sequestration...
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130
Dec 8, 2012
12/12
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CNBC
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eye 130
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and speaking of the fiscal cliff, let me say to washington, no vacation without legislation. we will be virtually monitoring airports to see which legislators are leaving town now that the vacation is supposed to begin. you know what? if we don't have a deal by this vacation, or a pledge not to go away, then the odds go to -- down to 50-50 that we'll get one before the end of the year. and then we may only get one when people look at their take-home play and have a collective bout of nausea from a recognition that there was a fiscal cliff all along and we were just pushed over it. that's how much your paycheck's going to shrink. here's the bottom line. let's hope for the best that our politicians move in the right direction. something we can see as early as sunday morning when they appear on the major political talk shows like "meet the press." but we'll be preparing for the worst. >> the house of pain! >> that our lawmakers go home for the holidays, meaning we will likely go over the cliff and nothing will be done about it until after taxpayers actually feel the real pain. l
and speaking of the fiscal cliff, let me say to washington, no vacation without legislation. we will be virtually monitoring airports to see which legislators are leaving town now that the vacation is supposed to begin. you know what? if we don't have a deal by this vacation, or a pledge not to go away, then the odds go to -- down to 50-50 that we'll get one before the end of the year. and then we may only get one when people look at their take-home play and have a collective bout of nausea...
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. >>> back here at home, as the fiscal cliff standoff continues in washington the president took his plan out of town to northern virginia where he sat down with a middle class family to talk about the potential impacts they face from the looming fiscal cliff. it's now just 25 days away. nbc's tracie potts joins us with those details from washington. >>> lynn, good morning. good morning, everyone. the president spent time with a family who answered a call from the white house. the question was what would you do if you had to pay another $2200 in taxes. that's what the white house says will be the average impact on middle class families if they don't work out avoiding this fiscal cliff. the president sat down with a couple, a teacher, a man who works at an auto dealership. they live with her family. the family says they're looking at a couple month's rent if they have to pay more taxes. the president reiterated he absolutely will not sign any deal that does not increase taxes on the wealthy in this country. he said the problem is solvable. >> for them to be burdened unnecessarily beca
. >>> back here at home, as the fiscal cliff standoff continues in washington the president took his plan out of town to northern virginia where he sat down with a middle class family to talk about the potential impacts they face from the looming fiscal cliff. it's now just 25 days away. nbc's tracie potts joins us with those details from washington. >>> lynn, good morning. good morning, everyone. the president spent time with a family who answered a call from the white house....
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Dec 16, 2012
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could hit the fiscal cliff, now, in washington, there could be a deal. at least they're close to a deal, possibly. a source close to the talks tells cnn that house speaker john boehner is willing to hike taxes on the wealthiest americans. that's something the president says must be included in any plan, but speaker boehner previously called tax increases on top earners a nonstarter. his office says there is no deal. >>> president obama seems set to nominate john kerry as his next secretary of state. united nations ambassador susan rice was the expexed choice, but you remember she pulled her name out of the running because of the controversy over her comments in the wake of the benghazi attacks. the formal announcement could come this week. >>> outgoing secretary of state, hillary clinton, is resting at home after suffering a concussion. she has been battling a stomach virus and fainted. her office said it's not severe, but clinton will be forced to skip her appearance in front of the house foreign relations committee this week. she was expected to testif
could hit the fiscal cliff, now, in washington, there could be a deal. at least they're close to a deal, possibly. a source close to the talks tells cnn that house speaker john boehner is willing to hike taxes on the wealthiest americans. that's something the president says must be included in any plan, but speaker boehner previously called tax increases on top earners a nonstarter. his office says there is no deal. >>> president obama seems set to nominate john kerry as his next...
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Dec 17, 2012
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i'm tara merge -- cliff. i'm tara mergener in washington with the latest on the negotiations coming up. >> new optimism on capitol hill. a new offer from the house speaker is on the table and talks are pushing forward at the highest level. tara mergener has the latest. >> reporter: house spoar john boehner refused -- speaker john boehner refused to answer questions after meeting with president obama to discuss the fiscal cliff. after weeks of talks, the air changed course on friday. he is offering to support tax increases for households making more than $1 million a year. in exchange for a trillion dollars in spending cuts to entitlement programs like medicare and medicaid. >> the president has also said that part of this is revenue and part of this is spending cuts. he's willing to make tough choices. >> reporter: boehner is also offering to increase the federal debt ceiling for a year which allows the government to pay its bills, but some republicans wanted to use the threat of default to demand more spendi
i'm tara merge -- cliff. i'm tara mergener in washington with the latest on the negotiations coming up. >> new optimism on capitol hill. a new offer from the house speaker is on the table and talks are pushing forward at the highest level. tara mergener has the latest. >> reporter: house spoar john boehner refused -- speaker john boehner refused to answer questions after meeting with president obama to discuss the fiscal cliff. after weeks of talks, the air changed course on friday....
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Nov 25, 2012
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cliff, the one washington created. it seems with the noise of the campaign behind us, washington is listening, which means that after several months of harping on the dangers that you face, i am ready to make a big switch to telling you about the opportunities that lie ahead. i'm ali velshi and this is "your money." look, the clet of tthreat of th cliff remains real. i will not drop this subject until it's settled. but there is life after washington-induced catastrophe, and frankly, it looks like a pretty good life. if all goes according to plan, 2013 could be a big turnaround year for the u.s. the start of a recovery that feels real. most of it will have very little to do with washington policy, though your state and federal government will have to step in to make it happen. let me explain. first, there is an energy boom under way in the united states right now. fueled by the joint forces of hydraulic fracturing or fracking of natural gas out of shale and buy mo by more drilling for oil. natural gas is increasingly ch
cliff, the one washington created. it seems with the noise of the campaign behind us, washington is listening, which means that after several months of harping on the dangers that you face, i am ready to make a big switch to telling you about the opportunities that lie ahead. i'm ali velshi and this is "your money." look, the clet of tthreat of th cliff remains real. i will not drop this subject until it's settled. but there is life after washington-induced catastrophe, and frankly,...
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Nov 19, 2012
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the fiscal cliff is coming. and if washington wasn't rise above, they face cramer's consequences. he's going to brand new "wall of shame" for those preventing compromise. and it's about to get its first members. the storm of shame is coming. don't miss out. all coming up on "mad money." try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chas >>> ever since hurricane sandy hit and knocked out power for millions of people across the northeast, little stock called genrac has become the favorite post sandy relief play. it makes all kinds of power generators including the backup generators that were in high demand when the lights went in and out new york and new jersey. it is part of the recognition that this kind of devastating bad weather is here to stay. no more of that one in 100 year things. no one wants to be hostage to
the fiscal cliff is coming. and if washington wasn't rise above, they face cramer's consequences. he's going to brand new "wall of shame" for those preventing compromise. and it's about to get its first members. the storm of shame is coming. don't miss out. all coming up on "mad money." try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right...
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Nov 29, 2012
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takes on the fiscal cliff. he's asking people to use the #my2k to explain what they would do with the $2,000 that could be lost to a middle class tax hike. one user talks about buying a mac book. the other talks about the child they're expecting and making the mortgage. but the president is also finding some critics. one of whom wants details on spending cuts. tennessee republican congresswoman marcia blackburn is not thrilled with the fact that all the chair manships voted on yesterday, 19 out of 21, none of them went to women. she says women should be elevated any time there's an opportunity. >>> mitt romney isn't just having lunch with president obama today. he's also seeing running mate paul ryan for the first time since the election. finally, michelle obama unveiled the holiday decorations at the white house which featured 54 christmas trees, a gingerbread house and a statue of the first dog which looked real. >>> let's go to wall street where markets did see a boost. the dow opens at 12,985. that is after
takes on the fiscal cliff. he's asking people to use the #my2k to explain what they would do with the $2,000 that could be lost to a middle class tax hike. one user talks about buying a mac book. the other talks about the child they're expecting and making the mortgage. but the president is also finding some critics. one of whom wants details on spending cuts. tennessee republican congresswoman marcia blackburn is not thrilled with the fact that all the chair manships voted on yesterday, 19 out...
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Nov 7, 2012
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. >> it's a big belief that nothing is going to get done, that we may go off a fiscal cliff. >> reporter: if washington doesn't show signs a deal is possible, investors say it's likely stocks will continue to fall. >>> coming up on 9 news now at 7:00 an illegal addition with illegal activities comes down in d.c., plus congressman delaney live with me in the studio. see you then. >>> still to come in this half hour the battle for power on capitol hill. >> but first a brazen attacker goes for two victims in one day, the latest on the police search for a groper next. >>> new information on the man investigators call the east coast rapist. aaron thomas who is linked to sexual assaults up and down the east coast will reportedly plead guilty to attacks in prince william county and loudoun county. he attacked three teenagers trick-or-treating on halloween in 2009 and he raped a woman in her apartment back in 2001. >>> nine women, nine attacks and police think the same guy is responsible for all these incidents in northern virginia. >> reporter: i'm surae chinn in springfield, virginia, where no
. >> it's a big belief that nothing is going to get done, that we may go off a fiscal cliff. >> reporter: if washington doesn't show signs a deal is possible, investors say it's likely stocks will continue to fall. >>> coming up on 9 news now at 7:00 an illegal addition with illegal activities comes down in d.c., plus congressman delaney live with me in the studio. see you then. >>> still to come in this half hour the battle for power on capitol hill. >> but...
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Nov 12, 2012
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the so-called fiscal cliff is right smack in the middle of the agenda in washington, and as our cover story shows you, the president and congressional leaders have already staked out their positions. president obama called on house republicans to give certainty to middle class families by extending middle class tax cuts immediately, before they run out at the end of the year. "i've got the pen ready to sign the bill right away. i'm ready to do it." fairness in taxes proved a key issue during the campaign. extending a tax cut for the middle class now would effectively keep republicans from holding it hostage later in negotiations to extend all tax cuts, including those for the rich. "i'm not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. i'm not going to do that." earlier, house speaker john boehner told reporters that allowing tax cuts for the wealthy to expire at the end of the year would be harmful to the economy. "the congressional budget office released a
the so-called fiscal cliff is right smack in the middle of the agenda in washington, and as our cover story shows you, the president and congressional leaders have already staked out their positions. president obama called on house republicans to give certainty to middle class families by extending middle class tax cuts immediately, before they run out at the end of the year. "i've got the pen ready to sign the bill right away. i'm ready to do it." fairness in taxes proved a key issue...
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Dec 27, 2012
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cliff, and just in case washington doesn't make a deal, we're going to get you ready. every day this week we're looking at how it will affect you and your pocketbook. today we're focusing on that potentially higher tax bill. ryan mack is president of optimum capital management and joins me via skype from detroit. good morning again, ryan. >> good morning, how are you doing? >> i'm doing pretty good, but we have to talk about tax rates and after that i don't know how i'll be doing. >> i understand. i understand. >> how much higherould tax rates go? >> well, we're looking at the top tax rate going to as high as 39.6% from 35%, the discussions of compromising a level of 37%. capital gains taxes increasing from 15% to 20% pre-bush tax levels. then estate taxes going as high as 55% with the $1 million exemption and currently the 35% with a $5 million exemption so we're definitely going to see a big change coming forward. >> so when will we feel it? >> well we won't feel it until 2014, when the majority of it, when the individuals file their 2013 taxes. the payroll tax cut w
cliff, and just in case washington doesn't make a deal, we're going to get you ready. every day this week we're looking at how it will affect you and your pocketbook. today we're focusing on that potentially higher tax bill. ryan mack is president of optimum capital management and joins me via skype from detroit. good morning again, ryan. >> good morning, how are you doing? >> i'm doing pretty good, but we have to talk about tax rates and after that i don't know how i'll be doing....
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the fiscal cliff stalemate in washington has already cost us a million jobs this year. very sobering report. the president and ceo of the national association of manufacturers is here. jay, up until the last couple of months it seemed like manufacturing particularly has been having a goodyear two. where did this million job loss come from. it's the first i heard of it. >> you hit it exactly right. two-thirds of manufacturers think that there's too much uncertainty in the system right now and not willing to grow, not willing to invest and not willing to hire new people because they don't know what will happen in washington. you've been talking about the weather and what's coming up the east coast. the fiscal storm, the anybody storm hitting this country will be frankly catastrophic if we go over the cliff. >> all right. what's your best guess? in other words, let's do some scenarios quickly. look, members of congress hear this you have a bunch of ceos yesterday 80 or 100 ceos putting pressure on. you're putting prurk on everybody. what happens if i want goes over let's s
the fiscal cliff stalemate in washington has already cost us a million jobs this year. very sobering report. the president and ceo of the national association of manufacturers is here. jay, up until the last couple of months it seemed like manufacturing particularly has been having a goodyear two. where did this million job loss come from. it's the first i heard of it. >> you hit it exactly right. two-thirds of manufacturers think that there's too much uncertainty in the system right now...
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Nov 27, 2012
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and the debt situation and the lack of movement we have seen on fiscal cliff negotiations and washington. all of the highs, certainly. dagen: from stocks to housing right here at home. gaining 3% year over year in the month of september they came in a little bit above expectations. six straight months of good news on that index. bob shiller is here. can this continue in a straight line? >> a straight line, up at 3% a year. that is pretty good, reasonable forecast. it sounds like a reasonable @orecast. that is not much above inflation, but it is an increase dagen: have people's expectations of home prices and improved? heavy seemed evidence of that? >> we do a question of surveys and homebuyers. our last survey it was in june. we did see a whole lot of improvement in expectations. i am a little puzzled. part of what is happening is foreclosures are falling behind us. the index looks better because there are not as many foreclosures. dagen: is so much of it related to interest rates, bob? >> interest rates are at historic lows. that certainly is a factor. i think people have gotten kind of
and the debt situation and the lack of movement we have seen on fiscal cliff negotiations and washington. all of the highs, certainly. dagen: from stocks to housing right here at home. gaining 3% year over year in the month of september they came in a little bit above expectations. six straight months of good news on that index. bob shiller is here. can this continue in a straight line? >> a straight line, up at 3% a year. that is pretty good, reasonable forecast. it sounds like a...
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to avoid that so-called fiscal cliff. nbc's trais si potts is in washington. >> reporter: good morning. he's back here and the real work begins starting with the economy including that fiscal cliff that you mentioned, taxes and budget problems that could kick in by the end of this year. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. >> reporter: fresh off his election victory, president obama's already been on the phone with top democrats and republicans in congress urging them compromise before america falls off the fiscal cliff. what's that? long-term unemployment benefits and the 2% payroll tax cut expiring. a big cut in medicare payments. and your taxes going up january 1 if congress doesn't act. plus, another $500 billion in cuts at the pentagon. boeing, the military's second largest supplier, already announced a second round of executive layoffs. >> nobody wants to see this fiscal cliff without a deal because the cuts are severe and
to avoid that so-called fiscal cliff. nbc's trais si potts is in washington. >> reporter: good morning. he's back here and the real work begins starting with the economy including that fiscal cliff that you mentioned, taxes and budget problems that could kick in by the end of this year. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. >> reporter: fresh off his election victory, president...